Insurance in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The South Korean insurance market had total gross written premiums of $189.5bn in 2020, representing a compound annual growth rate (CAGR) of 2.4% between 2016 and 2020.
- The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $103.8bn, equivalent to 54.8% of the market's overall value.
- In a bid to gain a competitive advantage over their peers, many South Korean insurance companies have been focused on integrating new technologies into their product offering, which has supported recent growth in the market.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in South Korea
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea insurance market with five year forecasts
Reasons to Buy
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- What will be the size of the South Korea media market in 2025?
- What factors are affecting the strength of competition in the South Korea media market?
- How has the market performed over the last five years?
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Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Samsung Life Insurance Co Ltd
- Hyundai Marine & Fire Insurance Co Ltd
- DB Insurance Co Ltd
- Hanwha Life Insurance Co Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 46 |
| Published | November 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 189.47 Billion |
| Forecasted Market Value ( USD | $ 226.12 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | South Korea |
